REG - Europa Metals Ltd - Completion of Disposal of Toral Project

Europa MetalsAnnouncement

13/11/2024 09:00

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RNS Number : 0706M  Europa Metals Ltd  13 November 2024

13 November 2024

Europa Metals Ltd

("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)

Completion of Disposal of Toral Project

Europa Metals, is pleased to announce that it has now completed its previously
announced disposal of 100% of the issued and outstanding shares of Europa
Metals Iberia S.L. ("EMI"), the Spanish subsidiary holding the Toral Zn-Pb-Ag
Project (the "Toral Project") in the Leon Province, Northern Spain to Denarius
Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals")

 

In accordance with the agreement with Denarius Metals as announced on 17
September 2024, Europa Metals has now been issued 7,000,000 common shares in
Denarius Metals which are subject to a hold period ending on March 13, 2025.
The former Option and Loan Agreements dated November 22, 2022 between Europa
Metals and the Denarius Metals were terminated on closing of the Transaction.

 

As advised following completion of the disposal, the Company is now an 'AIM
Rule 15 cash shell' and, as such, the Company shall have six months to make an
acquisition or acquisitions which constitute a reverse takeover under AIM Rule
14 after which the shares would be suspended.

 

Europa Metals is continuing to work on the transaction previously announced
with Viridian Metals and its Tynagh re-cycling and reclamation project in the
Republic of Ireland.

For further information on the Company, please visit www.europametals.com or
contact:

 

Europa Metals Ltd

Dan Smith, Non-Executive Director and Company Secretary (Australia)

T: +61 8 9486 4036

E: dsmith@europametals.com

Myles Campion, Executive Chairman and acting CEO (UK)

E: mcampion@europametals.com

 

Beaumont Cornish (Nominated Adviser/Broker)

James Biddle/Roland Cornish

T: +44 (0) 20 7628 3396

 

Questco Corporate Advisory Proprietary Limited (JSE Sponsor)

Danielle Christodoulou

T: +27 63 482 3802

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law pursuant to
the European Union (Withdrawal) Act 2018, as amended.

 

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

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